Stock of the day: Buy Hdfc 2600 PE For Target Rs.48 By Religare Broking
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HDFC Ltd
* We are seeing noticeable pressure in the banking and financial basket and HDFC has also resumed the trend.
* It has witnessed a breakdown from a consolidation range of 2600-2730, after spending nearly two months.
* The chart structure and weakness in the financial pack are adding to the confirmation.
* We thus suggest creating fresh shorts through the Put option in the given range.
BUY Hdfc 2600 PE CMP (Rs):34 Range:28-30 SL:20 Target:48
Technical Chart : Daily
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